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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 301,974 $ 288,659
Accounts receivable, net of allowance of $553 and $598, respectively 79,401 44,068
Inventories 101,137 87,480
Prepaid expenses and other current assets 9,289 4,935
Total current assets 491,801 425,142
Property and equipment, net 133,006 142,825
Operating lease right-of-use assets, net 22,263 21,994
Goodwill 7,824 7,824
Deferred tax asset, net 307,999 216,603
Other noncurrent assets 1,037 1,206
Total assets 963,930 815,594
Current liabilities    
Accounts payable 43,405 20,163
Accrued expenses and other current liabilities 24,317 11,392
Current portion of liability related to tax receivable agreement 10,976 9,290
Finance lease obligations, current portion 4,836 3,823
Operating lease liabilities, current portion 4,417 4,247
Total current liabilities 87,951 48,915
Deferred tax liability, net 699 786
Liability related to tax receivable agreement, net of current portion 272,017 195,061
Finance lease obligations, net of current portion 5,596 2,240
Operating lease liabilities, net of current portion 17,967 17,822
Total liabilities 384,230 264,824
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 287,053 202,077
Retained earnings 169,394 150,086
Accumulated other comprehensive income (165) 330
Total stockholders’ equity attributable to Cactus Inc. 456,871 352,970
Non-controlling interest 122,829 197,800
Total stockholders’ equity 579,700 550,770
Total liabilities and equity 963,930 815,594
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 589 477
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0